Global economic fragmentation took center stage at the 2025 Tsinghua PBCSF Global Finance Forum, where experts dissected its risks and pathways to resilience. Moderated by Zhang Xiaoyan, Associate Dean of Tsinghua PBCSF, the session brought together policymakers and academics to address growing divides in trade, finance, and supply chains.
Kairat Kelimbetov, former Deputy Prime Minister of Kazakhstan, highlighted how regionalization threatens emerging markets. 'Fragmentation risks reversing decades of globalization gains,' he warned, urging coordinated policy frameworks. Ouyang Weimin, Vice President of the China Society for Finance and Banking, emphasized China's role in fostering inclusive growth through multilateral platforms like the Belt and Road Initiative.
Croatian National Bank Governor Boris Vujčić pointed to Europe's energy transition as a case study in balancing sovereignty with interdependence. Meanwhile, NYU's Nouriel Roubini stressed the need for digital tools to mitigate financial instability, citing blockchain and AI-driven risk models.
The panel unanimously called for stronger cross-border collaboration, with Zhang Xiaoyan concluding: 'Our shared future depends on bridging divides—not building walls.'
